Definition of «death benefit of one's policy»

The phrase "death benefit of one's policy" refers to the money that is paid out to someone's beneficiaries (usually their family) when they pass away. It is the amount of money that the insurance policy covers and provides as financial support to their loved ones after their death.

Sentences with «death benefit of one's policy»

This rider doubles the face value death benefit of your policy in the event that your death is the result of an accident. (lifeinsurancebyjeff.com)
If the beneficiary sets a time to stop receiving interest payments and is alive when that time comes, they will receive the full death benefit of the policy then. (quotacy.com)
Divide the life insurance death benefit of the policy by the number of years payments are to be received. (paramountlifeinsurance.com)
(see all sentences)